Gfebs and external - Study guides, Class notes & Summaries

GFEBS and External Reporting Systems

GFEBS L435E Cost Reporting and Analysis Questions and Answers with Complete Solutions The ad hoc query capability allows authorized users to create reports to satisfy specific management requirements true ECC reports typically time out within 15 Which of the following about variance is true all of the above The Time-Tracking Source Data Report provides analysis at an employee-level for charged hours from time-tracking systems (e.g., Automated Time Attendance and Production System (ATAAPS)) a...

Spending Chain is made up of two sub-processes: correct answers•The Acquisition Process is made up of the Material Master Data, the Vendor Master Data and the Procurement of Goods or Services. •The Accounts Payable Process is made up of Post Invoice and Payment Programs. What are purchase orders? correct answersis a way GFEBS records an obligation based on a pre-commitment or commitment document. After a Purchase requisition (PR) is funds certified, it will require a Purchase Order to ...

GFEBS SPENDING CHAIN: PURCHASE REQUISITIONS QUESTIONS AND ANSWERS | LATEST UPDATE | 2024/2025 | GRADED A+ What is the purpose of a purchase requisition? The purpose of a purchase requisition is to formally request the procurement of goods or services. Who typically creates a purchase requisition in an organization? A department or individual responsible for acquiring goods or services creates the purchase requisition. What must be included in a purchase requisition? The purch...

At the end of each period, GFEBS sends its Trial Balance to the Defense Departmental Reporting System (DDRS) which requires GFEBS to - Format its Trial Balance according to SFIS standards Benefits of Financial Reporting in GFEBS include - all of the above GFEBS complies with Standard Financial Information Structure (SFIS) standards by - Linking each GFEBS point account to the appropriate SFIS attribute and DoD reporting Chart of Account number GFEBS creates the Army's actual external finan...

A JV is created when it is necessary to - create a GL point request adjustment transer funds a jv is created when it is necessary to - request adjustment of accounting entries transfer funds from one gl account to another A JV is created when it is necessary to make a current period adjustment - true Activities involved in the Year-End Close sub-process of FI include - all of the above FI is responsible for opening and closing posting periods based upon standing business rules. The follo...

Journal Voucher is a document that is most often prepared for the _________ and ___________ processes - Perios-End Close, Year-end Close. Journal Vouchers are used to request an adjustment to accounting entries that have a direct impact on General Ledger balances for the Period-End Close and Year-End Close processes. The JV Workflow is the six step process by which JVs are requested, reviewed, approved, and posted to the G/L - True The Period-End Closing Process is a set of activities carr...

GFEBS Project Systems Course questions and answers latest top score. What is a project definition? - correct answer. The project definition contains data used for the entire project. It contains default values which can be passed on to the WBS elements, or influence them, such as: Project Profile Project Control values (e.g., user status profile) Organizational data Planning parameters Settlement Rules Unique Project Number The Project Profile is often called...